S.R. GHOSH Vs. UNION OF INDIA

JUDGEMENT

(1.) Civil Appeal No. 4789 of 2008

(2.) An important component namely the raw material for executing the contract was bitumen. The appellant received information about a notification dated 3.7.1996 of the Central Government, which increased the price of petroleum products including bitumen. It is pointed out that the erstwhile price of bitumen of Rs. 5,700.00 per metric tonne was revised to Rs. 7,400.00 per metric tonne. On the issue of a consequential impact of price rise, the first communication addressed by the respondent to the appellant was dated 15.07.1996. An extract of the aforesaid communication is reproduced hereinbelow:

(3.) The letter of the respondent dated 15.07.1996 was responded to by the appellant on 22.07.1996. The position assumed by the appellant needs a careful examination. Relevant part of the same is accordingly extracted below: